BOTANY TRADING ESTATE 16 Properties Offered at £16,200,000 in Tonbridge
INVESTMENT HIGHLIGHTS
- Located in the centre of the affluent town of Tonbridge, benefitting from excellent public transport links
- Botany Trading Estate is home to a strong and diverse tenant base
- Positioned on Sovereign Way, the main eastern access route to Tonbridge town centre from the A26, in a prominent commercial and industrial location;
EXECUTIVE SUMMARY
A rare opportunity to acquire a highly reversionary South East multi-let industrial estate totalling approximately 180,648 sq ft (GIA);
We are instructed to seek offers in excess of £16,200,000 (Sixteen Million Two Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level, after deducting the head rent, reflects a Net Initial Yield of 9.00%, subject to purchaser costs of 6.74%. This represents a Headline Reversionary Yield of c.12.50% and a very low Capital Value of £90 per sq ft.
We are instructed to seek offers in excess of £16,200,000 (Sixteen Million Two Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level, after deducting the head rent, reflects a Net Initial Yield of 9.00%, subject to purchaser costs of 6.74%. This represents a Headline Reversionary Yield of c.12.50% and a very low Capital Value of £90 per sq ft.
PROPERTY FACTS
| Price | £16,200,000 |
| Price / SF | £75.04 / SF |
| Net Initial Yield | 9% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 16 |
| Individually For Sale | 0 |
| Total Building Size | 215,884 SF |
| Total Land Area | 131.52 AC |
PROPERTIES
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